7 Statistics That'll Convince Your CFO To Increase IT Spend

Solutions provided by IT professionals are often accompanied by a high return on investment, but companies will never see that ROI if their IT budget is inadequate. Many IT professionals function under some variation of this expectation for the IT department: save the company time and money through tech solutions, but do it without spending money.

The leader of the technology department must advocate for an adequate budget, and the best way to speak a CFO's language is to share numbers to illustrate a point. These 7 statistics might help you make your case:

1. According to the 2015 Cyberthreat Defense Report, 71% of companies had been affected by a cyberattack in the past 12 months and the average cost of a data breach is $3.5 million.

Because security is the company's ethical responsibility and not an upgrade, it is arguably the most important reason to invest in the IT department.

MotherG is an IT managed services provider that closely monitors our client’s technology, proactively preventing problems while helping them maximize profit and minimize cost. We offer IT support and services to small and medium-sized businesses in chicago. Learn More ›